CIMA strategic Paper P3, Management accounting - risk and control strategy

CIMA strategic Paper P3, Management accounting - risk and control strategy - Praca Zbiorowa

This paper primarily deals with managing business operations. Probability and risk play an important role in developing business strategy. Preparing forecasts and establishing the relationships between variables are an integral part of budgeting and planning. Financial mathematics provides an introduction to interest rates and annuities and to investment appraisal for projects. Preparing graphs and tables in summarised formats and using spreadsheets are important in both the calculation of data and the presentation of information to users. CIMA is the world’s largest and leading professional body of management accountants. Our mission is to help people and businesses to succeed in the public and private sectors. We have more than 229,000 members and students in 176 countries. They work at the heart of business in industry, commerce and not for profit organisations. We have strong relationships with employers, and sponsor leading research. We constantly update our qualification, professional experience requirements and CPD programme. This ensures that our members and students are first choice for employers who are recruiting financially trained business leaders. We are committed to upholding the highest ethical and professional standards, and to maintaining public confidence in management accounting.